The Current Market Value of the Assets of Cristopherson Supply

question 16

Multiple Choice

The current market value of the assets of Cristopherson Supply is $46.5 million.The market value of the equity is $28.7 million.The risk-free rate is 4.75 percent and the outstanding debt matures in 4 years.What is the market value of the firm's debt?

• A)$17.80 million
• B)$19.80 million
• C)$20.23 million
• D)$22.66 million
• E)$23.01 million

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